How choosing an ROI based university can benefit your career
As the working world becomes diverse, candidates and students are becoming increasingly competitive. Every student has the prime concern of obtaining a higher education that can guarantee a job, or some form of monetary gain in the long run. What was the first thing that crossed your mind when a plan formed to study abroad? Wasn’t it something along these lines: what is the best course that can offer me a great return on investment? Is it worth investing in studying this course abroad? What are the chances of me gaining the best prospects after studying abroad?
If these are the questions on your mind, then you are definitely on the track of an ROI based career path. Let us take this discussion further, and figure out what's in store for you.
First, let us get some clarity on what exactly we mean by ROI based education.
So, what is ROI-based education?
The education sector is rapidly undergoing a transformation in the learning process of a student. The prominent change observed is that courses prepare students to enter the workforce directly. This is paving the way for return on investment or ROI-based education.
An ROI-based education, simply put, means a career path leading to sufficient monetary gains, resultant of the investments made on education. This investment may be in the form of tuition fees, accommodation and living expenses during the course of study, and any other expenses that make up the true cost of attending a school/college /university.
With a number of students opting to study abroad, the importance of pursuing an ROI-based career cannot be undermined. For this, one must consider an ROI-based university abroad that can help students realize their dream.
Why Choose an ROI-based University?
Now that you have decided to fly away to a new country for pursuing your higher education, you must have considered the costs involved with the same. Be it a Ph.D., Bachelor’s, or Master’s that you are studying abroad; it involves a substantial investment initially. It has become far too common to study abroad with a mounting education load to be paid off.
Additionally, as each career option is becoming increasingly monetized, and job profiles are becoming dynamic. To fit into this environment, and to gain an upper edge, it is of paramount importance to choose an ROI-based University, a college or school that can equip you with the skills that make you desirable for high paying jobs and careers. Here are some of the top universities to choose from that can help you with your quest.
What are the Benefits of an ROI-based University?
Here are some benefits of an ROI-based university -
- Overcome the threat of economic downfall
- Pay off hefty education loans in the shortest possible time
- Increased growth opportunities
- Lower Risk Related to Job Security
Opting for an ROI-based university can gain you the confidence to take on the world with your qualifications! Your choice can help boost your educational productivity, which will eventually lead to a comfortable life in your sunset years.
Here’s how to choose ROI based universities:
Return on investment is a kind of analysis that helps improve the impact of limitations on resources. It is a comparison of the expected gains against the cost of actions.
In order to choose the right ROI based university, here are the key parameters to consider:
Fees to be Paid
The first factor to be considered while deciding on an ROI based university is the net price of studying at the college. This comprises of the tuition fee, the cost of books, rent, technology, transportation, entertainment, and boarding costs you incur during the duration of your course. Tuition fees vary from university to university and are constantly on the rise. It is important to consider the year-on-year surge in fees that may affect your total expenses. Here are some brilliant ways to fund your tuition!
The finances available to you, in the form of college funds, scholarships, and student loans, as a sum, make up the potential debt you hold. Your potential debt needs to be clear and not become too variable or dependent on external factors.
Once you have an idea of your tuition fees and other expenses, along with an estimate of available financial aid, you must get an idea of your potential earnings. Your potential earnings are a summation of your salary/profits in business, industry growth, and potential accrual.
These are the 3 key factors that are used to calculate your return on investment (ROI). Thus, in order to obtain a solid, positive ROI, you must look at a school or university that offers related features such as:
- High-salary placements
- Global tie-ups
- Best-in-class Faculty
- Collaborative Education
- Real-World Experience
If you find a school with all or some of these features that fit in your plans, then you should definitely opt for it! Here is a list of the top countries offering best-in-class higher education.
Of course, another key factor is your area of interest. For instance, typically, engineering jobs pay more than liberal arts-based professions. You must consider what sector offers a higher salary in comparison, and then decide your priorities!
Let's Face It, College is Expensive
In the long run, applying for an ROI-based university could be your best bet. People with a college degree are more likely to get a job. They also have a better chance of moving up in their careers and the industry. College is expensive, and it has become more and more important to choose a high paying prospective job. Not all colleges/areas of interests, jobs, and industries offer an at-par return on investment. While it is not wrong to opt for a career based on your passion, it may not promise the best return. So invest in a college education that helps you with the same!
What are you waiting for? Get started on your application to a leading ROI-based university right away!
Here are some tips to write an excellent student resume to help you out.
Good luck with locking down on the best ROI-based University for you!